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I think the problem was with Boohoo's subcontractors, subcontractor. How far does the checking need to go back, before it cannot been seen as Boohoo's fault ? What about the cotton pickers who picked the cotton, or the suppliers of the uniforms for the people who picked the cotton. It was different with Sports Direct as they actually had the bad working conditions themselves.
Re XLMedia The September RNS did not lead me to believe that revenue growth was going to fall from 39% to -2% or that EBITDA growth was going to fall from 37% to 9.8%. Having said that I'm sure we all have our own investing rules & that huge fall in revenue & profit growth, together with the fact that it was not even mentioned…
XLM in response to Tom stone I didn't mention EPS. H2 2015 Revenue $52.4M H2 2016 Revenue $51.8M Coming from a revenue rise of 39% in H1 I was very surprised the slow down was not mentioned in the RNS.
Regarding XL Media, I also owned XLMedia until this TU. This RNS although factually correct is very, very misleading. Revenues increased by 39% in H1 2016 & fell 2% H2 2016, there was absolutely no mention of this in the RNS, just a positive spin on 15% annual growth. A company whose revenue growth goes from 39% to -2% in 6 months & does not…
Re XLM, if you compare H2 2015 with H2 2016 revenues have fallen by approx 2%. No wonder their FO was a seller late last year. What can possibly have happened for revenue growth to fall from 39% to -2% in 6 months ?
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